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Trump's Tariffs May Cost U.S. Restaurants $12 Billion. Exclude Food And Beverage Products From Tariffs, Urges Industry Body - Restaurant Brands Intl (NYSE:QSR), McDonald's (NYSE:MCD)

Summary by Benzinga

The U.S. restaurant industry is staring down the barrel of a potential $12 billion setback. This comes in the wake of President Donald Trump‘s proposed tariffs on food and beverages, as per the National Restaurant Association‘s warning. What Happened: The National Restaurant Association has voiced its concerns to President Trump regarding the possible repercussions of his proposed tariffs, reported Bloomberg on Tuesday. The association, which re…

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Benzinga

Trump's Tariffs May Cost U.S. Restaurants $12 Billion. Exclude Food And Beverage Products From Tariffs, Urges Industry Body - Restaurant Brands Intl (NYSE:QSR), McDonald's (NYSE:MCD)

11 hours ago·New York, United States

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Quartz

Will Trump spare restaurants from tariffs?

The restaurant industry is on edge, urging President Donald Trump to exempt food and beverage imports from a proposed round of tariffs set to take effect on March 4, which could cost the sector $12 billion.Read more...

1 day ago·United States

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Bloomberg

Restaurants Warn of Potential $12 Billion Hit From Trump Tariffs

The US trade group representing restaurants urged President Donald Trump to spare food and drinks from tariffs, estimating the levies could cost the industry more than $12 billion and lead to higher prices for consumers.

1 day ago·United States

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Accounting Today

Restaurants warn of $12B hit from Trump tariffs

The U.S. trade group representing restaurants urged President Donald Trump to spare food and drinks from tariffs, estimating the levies could cost more than $12 billion and lead to higher prices for consumers.

1 day ago

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